RIM released their Q3 results [Warning: PDF] yesterday. The good news is that RIM reported numbers that beat revenue expectations. Here’s the highlights:
• Cash increase of approximately $600 million to $2.9 billion
• Cash flow from operations was approximately $950 million
• Revenue of $2.7 billion
• GAAP net income from continuing operations of $14 million, or $0.03 per share diluted, including a $166 million favorable tax settlement
• Adjusted net loss of $114 million, or $0.22 per share diluted
• Shipments of 6.9 million smartphones and 255,000 PlayBooks
One thing about the last item. Those are shipments to carriers and retailers and NOT sales.
Here’s the bad news. Actually two pieces of bad news. RIM’s chief information officer Robin Bienfait is leaving the company at the end of this year. Hmmmm….. Read into that what you will. Here’s the second piece of bad news. The user base has shrunk to 79 million users. That’s going to hurt as it is possible that even with BB10 that these users have moved on to other smartphones.
The true test will be to see what happens at the end of January. That’s when RIM will stage a stunning comeback, or become another Palm.
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This entry was posted on December 21, 2012 at 7:30 am and is filed under Commentary with tags BlackBerry, RIM. You can follow any responses to this entry through the RSS 2.0 feed.
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RIM Has Good News And Bad News
RIM released their Q3 results [Warning: PDF] yesterday. The good news is that RIM reported numbers that beat revenue expectations. Here’s the highlights:
• Cash increase of approximately $600 million to $2.9 billion
• Cash flow from operations was approximately $950 million
• Revenue of $2.7 billion
• GAAP net income from continuing operations of $14 million, or $0.03 per share diluted, including a $166 million favorable tax settlement
• Adjusted net loss of $114 million, or $0.22 per share diluted
• Shipments of 6.9 million smartphones and 255,000 PlayBooks
One thing about the last item. Those are shipments to carriers and retailers and NOT sales.
Here’s the bad news. Actually two pieces of bad news. RIM’s chief information officer Robin Bienfait is leaving the company at the end of this year. Hmmmm….. Read into that what you will. Here’s the second piece of bad news. The user base has shrunk to 79 million users. That’s going to hurt as it is possible that even with BB10 that these users have moved on to other smartphones.
The true test will be to see what happens at the end of January. That’s when RIM will stage a stunning comeback, or become another Palm.
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This entry was posted on December 21, 2012 at 7:30 am and is filed under Commentary with tags BlackBerry, RIM. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.